Coinfinity Wallet

1. Download the Coinfinity app on the Apple App Store or Google Google Play Store and create an account.
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2. Upon finishing the registration process, you will see the new “Wallet” item in the menu bar. Here you can create a new wallet or import an existing wallet.
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3. After tapping on “Create wallet,” you'll receive an individual recovery phrase with 12 random English words. Make a backup by writing down these words, e.g. by hand on a piece of paper. Be sure to follow the correct order.
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4. Now run the security check and confirm a few words from your recovery phrase to ensure that the backup (the 12 words) is correct. After that, your wallet is created. You can now set up a savings plan or take a closer look at the wallet.
   
   For more information about the Coinfinity wallet, visit our Help page.

Our in-app wallet provides all usual functions of a wallet app. You can use it to store, receive and send Bitcoin as well as perform a UTXO-consolidation.

The Bitcoin wallet is your “digital wallet.” It manages your Bitcoin addresses and allows you to store, send, and receive Bitcoin. There are a variety of Bitcoin wallets that meet different requirements. Here is an overview of the different types of wallets:

Cold- or offline wallets (read more here)

Hardware wallets (read more here)

Software wallets (read more here)

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An overview of other wallets can be found at www.bitcoin.org.

Our in-app wallet provides all usual functions of a wallet app. You can use it to store, receive and send Bitcoin as well as perform UTXO consolidations.

More benefits:

• The Coinfinity wallet is a self-hosted Bitcoin wallet — only you have the private keys and therfore full control over your Bitcoin.
• You can buy Bitcoin directly into the Coinfinity wallet — no signature, wallet confirmation or Satoshi test is required.
• With a wallet backup, you can easily import and restore your wallet on a new smartphone.

Your Bitcoin wallet can manage many different Bitcoin addresses, and most wallets even generate a new Bitcoin address for every transaction. The wallet therefore manages your Bitcoin addresses, which enable you to send and receive Bitcoin.

Please keep in mind that every Bitcoin owner is responsible for keeping their Bitcoin safe. The wallet types mentioned above offer their own advantages and disadvantages in terms of security, usability, and uses. Please give yourself a basic overview of the wallet offering and decide for yourself which form of storage is best suited to your purposes.

Here are a few basic safety tips from us:
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Be sure to back up your wallet!
The vast majority of software and hardware wallets offer the option to create a backup copy. Be sure to use this option before you use it for the first time to protect your Bitcoin from loss or theft.

Use two-factor authentication (2FA) or a PIN!
Most software and hardware wallets offer more security through the additional use of a 2FA or PIN.
We recommend using these security features.

Keep your offline- or hardware wallet safe and secret!
Regardless of whether it is a card wallet or a BitBox: make sure that the wallet is protected against weather, fire and theft and is stored in a place that only you know.

Never share your private key!
In contrast to a public key, which can be shared to send and receive Bitcoin, you should keep your private key as secret as possible.

Always remember that with self-custody, the following applies: NOT YOUR KEY, NOT YOUR COINS